When Is the Best Time to Sell a Phone?

I’ve often found myself wondering when the best time to sell my used phone is. Every year, I notice the excitement building around new smartphone releases, especially when it comes to iPhones. This year, the anticipation has been higher than ever, with Apple confirming the release of the iPhone 16 on September 10. So, is there a perfect time to sell an old phone? Let me share my thoughts on how I’ve approached this dilemma based on my experience, market trends, and a bit of research.

Timing Around New Releases

One of the most effective times to sell an old iPhone is right before a new model is announced. This year, with the iPhone 16 release set for September 10, I’ve started thinking about selling my current phone a month or two before that date. Historically, iPhone prices tend to drop significantly after a new model is announced. For example, data from SellCell in 2023 showed that iPhone prices dropped by 15-20% in the weeks following the announcement of the iPhone 15.

Selling before the new release can help me avoid that steep depreciation. The closer I get to the announcement date, the more competition I’ll face from other sellers with the same idea. This could potentially drive prices down even further, so listing early has always seemed like a safer bet.

Market Dynamics and Demand

Another factor I consider is the demand cycle for used phones. Generally, there’s a surge in demand for used phones just before a new model is released. People who want to upgrade without paying the full price for a brand-new model often look for deals on recent, gently used versions. I’ve noticed that platforms like eBay and Swappa often see a spike in activity around this time.

To maximize my return, I try to list my phone when demand is high, which usually aligns with the period leading up to the new iPhone announcement. In 2022, for instance, a survey by Statista showed that 45% of smartphone buyers preferred to purchase a used phone between August and September, aligning perfectly with new model release timelines.

The Condition of My Phone

Of course, the condition of my phone plays a huge role in deciding when to sell. A phone in excellent condition generally fetches a higher price, and buyers are willing to pay more when they know the phone has been well-maintained. Knowing that a new model is around the corner, I always make sure my phone is in top shape – no scratches, dents, or performance issues – before I list it.

Last year, I decided to sell my iPhone 13 Pro right before the iPhone 15 launch, and I was able to secure around 70% of its original purchase price. I made sure to have the screen and battery in excellent condition, and I included the original box and accessories, which added to the perceived value.

Understanding Trade-In and Resale Market Trends

I’ve also learned to keep an eye on trade-in values offered by different platforms. Apple, for example, often adjusts its trade-in values around the time of new product announcements. Leading up to the iPhone 16 release, I’m closely monitoring how trade-in offers fluctuate. Platforms like Gazelle, Swappa, and Phoneto often provide competitive rates just before new releases. In 2023, for example, trade-in values for the iPhone 14 were reduced by 10-15% right after the iPhone 15 was announced.

By keeping an eye on these changes, I can decide if I want to go for a trade-in or try my luck with a private sale. Sometimes, I’ve found that trading in with Apple or a carrier can offer less hassle but also less value compared to selling directly to another consumer.

Seasonal Considerations and Holidays

Besides new model releases, I’ve realized that seasonal trends can also affect phone prices. For example, the period just before the holiday season – particularly around Black Friday and Christmas – often sees an increase in demand for used phones. People are looking for gifts or deals, and I can often get a better price if I time my sale just right.

On the other hand, after major sales events like Black Friday, the market is usually flooded with discounted phones, including new and refurbished models. That’s not the best time to try selling a phone since buyers have too many choices, and prices are generally lower.

Personal Usage and Timing

I’ve also found it helpful to consider my usage patterns. If I know I’m going to upgrade, I try to time it so that I can sell my phone when I get the best price but not be left without a device for too long. This can mean holding off until the new model is officially available or arranging to use a backup phone temporarily.

Last year, when the iPhone 15 was released, I opted to pre-order it, and I listed my old phone for sale a week before the new phone arrived. This timing worked perfectly because I got a good price for my old device while ensuring a seamless transition to the new one.

Conclusion: The Best Time for Me to Sell

Based on my experience, the best time to sell an old iPhone is typically 1-2 months before the new model is announced and ideally before a flood of similar listings hit the market. This year, with the iPhone 16 release on September 10, I plan to list my current phone in late July or early August to maximize its resale value.

Ultimately, the right timing depends on multiple factors – from the condition of the phone and market trends to personal usage and timing. By staying informed about these dynamics, I’ve been able to get the best possible return when selling my phones consistently, and I’m confident this strategy will work just as well in 2024.